As we are helping people understand their new property assessments and putting together information so that they may protest their new valuation, here is the most common question we hear…

Did my property really go up that much?

Here are some stats that will help you answer that question.

First, you need to know that property assessments are done by the County every two years. So, as you look at how much your property increased in value according to the County, keep in mind that this increase is over a two-year period.

Next, it will help you to know how much our markets increased, on average, over the last two years. This data comes from our most trusted source, the Federal Housing Finance Authority.

http://thecertifiedlisting.com/wp-content/uploads/2017/02/Certified-Listing-Logo-2-300x212.png00Fort Collinshttp://thecertifiedlisting.com/wp-content/uploads/2017/02/Certified-Listing-Logo-2-300x212.pngFort Collins2019-05-17 17:29:242019-05-17 17:29:24The Question of the Day

While the “Bomb Cyclone” closed roads and schools over the last two days, the “Condo Cyclone” is opening new opportunities for first-time buyers.

What’s the “Condo Cyclone” you ask. It’s the proliferation of multi-family inventory that has come on the market up and down the Front Range.

Compared to last year, multi-family inventory which includes town-homes and condominiums, has increased…

• 79% in Metro Denver• 34% in Larimer County• 45% in Weld County

This is terrific news for the market overall, as inventory has been unusually low for several months. It’s especially terrific news for first-time buyers who need this type of product as a stepping stone to home ownership.

What we notice is a $170,000 to $130,000 difference in average price between a single-family home and a multi-family home in Front Range markets.

Specifically, here’s the spread between multi-family and single-family average price:

Just Released (a new resource site just for you…)• Want to see the latest market trends? • Curious to see the process of buying or selling a home? • Interested in what it takes to own investment property? • Be sure to visit www.ColoradoLivingBlog.com

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